Chairperson of the Egyptian Tax Authority (ETA), Reda Abdel Qader, has announced that all online content creators (bloggers and vloggers) working in the country, are required to register for income tax.

In a statement on Saturday, ETA added that online content creators whose revenues reached EGP 500,000 per year since their online debut are also required to register for the value-added tax (VAT).

Abdel Qader said that ETA allocated hotline 16395 to receive inquiries related to taxation of e-commerce and online content creation activities.

The authority also demanded individuals and companies that use social media networks for e-commerce to register for income tax and VAT – in case their revenues reached EGP 500,000 per year – in accordance with the law.

There are three types of companies that engage in e-commerce activity: First, companies use e-commerce as one of the various means of sale or distribution. Second, companies depend mainly on electronic means in selling and distributing their products and services. Third, companies use digital platforms to promote products of other companies to customers.

Moreover, all companies that engage in commercial or non-commercial (free professions) activities are subject to income tax according to Law 91 of 2005.

© 2021 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.